The Philippines has secured a $400 million loan from the Asian Development Bank (ADB) to strengthen its domestic capital market and mobilise funds for the infrastructure projects it hopes can spur an …
Philippines Sells Abandoned Containers to Make Way for Deliveries of Essentials
The Philippines made good on its threat to negligent importers that it will sell overstaying containers to make way for new deliveries of essential items like food and medicine amid the pandemic.
FamilyMart to launch shorter business hours at 787 stores across Japan from June
FamilyMart Co. revealed on May 25 that it will introduce shorter business hours at 787 franchise stores in Japan from June 1. Some 5.4% of al･･･ …
SE Asia Stocks-Most markets rise as economies set to reopen; Philippines sole loser
Most Southeast Asian stock markets closed higher on Tuesday as further moves to ease the coronavirus lockdowns and hopes of more stimulus from China boosted sentiment, while the Philippines ended …
No Country for Oil Refiners: Philippine Plants Shut on Weak Demand
The Philippines has been left temporarily without any operating oil refineries as one of the world’s longest lockdowns eviscerates demand.
Indonesia Deploys Army to Enforce Lockdown Before Reopening
Indonesia deployed hundreds of thousands of army and police personnel across the vast archipelago to enforce social distancing rules after a record surge in infections in the past week cast doubt …
‘It’s a sad day’ for Hong Kong protesters, but analyst says new law probably won’t hurt investors
While China’s new proposed security law for Hong Kong is terrible news for pro-democracy activists, it’s unlikely to have a significant impact on foreign companies and investors, according to an …
Hong Kong’s leader says security laws will not affect city’s rights and freedoms
Hong Kong leader Carrie Lam said on Tuesday that Beijing’s proposed national security laws would not trample on the city’s rights and freedoms and called on its citizens to wait to see the details of …
Hong Kong Leader Tries To Reassure Investors Rattled By China Law
China’s plans to impose a new security law on Hong Kong will not erode freedoms, the city’s leader said Tuesday, as she tried to reassure international businesses and investors alarmed by the proposal …
Gold ticks up on China-U.S. tensions over Hong Kong
U.S. tensions over Hong Kong lifted demand for the safe-haven metal, though easing coronavirus-induced lockdown restrictions supported equities and capped bullion’s gains.